Word: phelpses
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'Why we failed is a mystery to me.' ROBERT H. PHELPS, a former editor at the New York Times, who revealed in his memoir that the newspaper had ignored an early tip on the Watergate scandal
Exams, traditionally the primary pressure point of a Law student’s term, are more of the same. Nesson’s final for his winter-term “Evidence” class consisted of two digital audio files, and a single question: “Of what...
Bloomberg recently reported "Fallout from the recession implies a 'markedly higher' natural rate of unemployment, says Edmund Phelps, a professor at Columbia University in New York and winner of the 2006 Nobel Prize in economics. "It was 5.5 percent; maybe it will be 6.5 percent, maybe 7 percent." Phelps has...
The industrial, financial, and retail jobs destroyed over the last three quarters cannot be recouped in the dozen quarters that lie immediately ahead, if Phelps view, which is a remarkably dark vision of America's future, is right. This desperate image of the national economic life assumes that the innovative...
All of the programs currently being created by the national government will be failures if Phelps and his colleagues are right. Or, better said, the programs will only build jobs for a short period. The rise in employment because of federal intervention will disappear when the government can no longer...